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AUD/USD Signal - USD Interest Rate Decision - 29 Jul 2020

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Signal Details
Entry Price: 
0.7161
Take Profit: 
0.7110
Stop Loss: 
0.7195
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

AUDUSD is trading around 0.7161 today prior to the USD interest rate decision. Typically an increase in interest rates is bullish for the USD and an unchanged or lowered rate is seen as bearish for the USD. We anticipate further downside on AUDUSD today prior to the event, targeting the 0.7110 level. Technically we are trading below the 0.7175 pivot.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.